Bitcoin Surges To $93k After Sunday Flush, As Analysts Eye $100k

Bitcoin recovered to $93,000 after a leverage flush on Sunday, with analysts now predicting that macro tailwinds could push the cryptocurrency over six figures.

Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500.

“This is what you’d want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,” MN Fund founder and analyst Michaël van de Poppe said on Tuesday.

He added that it was “crucial” for Bitcoin (BTC) to break above $92,000.

Van de Poppe compared Bitcoin’s current price situation to its previous cycle and questioned whether its recent drop was the final shakeout.

“All indicators have overextended to the downside on the last crash of Bitcoin, which implies that the crash itself had a magnitude heavier than Luna and FTX, and COVID,” he said.

Bitcoin reached a 24-hour peak of $93,040 on Coinbase in early trading on Wednesday, according to TradingView. It has recovered all of the losses over the past two days from a leverage flush late on Sunday that wiped $8,000 off its price.

Nick Ruck, director at LVRG Research, told Cointelegraph that he’s confident Bitcoin will again reach six figures in the coming months.

“As Bitcoin’s resilience shines through amid evolving regulatory landscapes and institutional adoption in late 2025, we see a compelling path for it to reclaim the $100,000 mark in the coming months,” he said.

Related: Bollinger Bands suggest Bitcoin bottom won’t fall under $55K

Source: CoinTelegraph